$588,888 - 37 Ormerod Lane, Richmond Hill
Condo for Sale in Richmond Hill
- MLS Number
- N13197990
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- Richmond Hill
- Locker
- None
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- THE AGENCY
Rare Opportunity in Hampshire Mews by Award Winning Heathwood Homes, a Layout That Truly Delivers Where Others in This Complex Fall Short. This Spacious Urban Condo Townhome in the Heart of Sought After Devonsleigh, Richmond Hill Offers 1,133 Sq Ft Above Grade + 144 Sq Ft Below Grade Per Mpac 1,277 Sq Ft of Total Finished Living Space. As You Make Your Way Up to the Main Level, a Dramatic 17 Ft Ceiling Soars Above You - an Architectural Statement That Commands Attention and Sets the Tone for Everything That Follows. Here is What Buyers Who Have Toured This Home Will Immediately Recognize: This Home Features Two Bedrooms, Both Bedrooms Are Generously Sized, Each Offering Its Own Private Ensuite Bathrooms and Walk-in Closet - a Level of Privacy and Independence That Most Units in This Neighbourhood Simply Fall Short. No Shared Bathrooms. No Compromises. Ever. A Beautifully Positioned 2-pc Guest Washroom on the Main Floor Ensures Visitors Always Have Their Own Dedicated Space, Completely Separate From Your Private Upper Level a Thoughtful Detail That Owners Here Genuinely Appreciate Every Single Day. 3 Bathrooms Total Each Private, Each Purposeful, Each Earned. The Bright Open- Concept Kitchen, Living and Dining Area Flows Effortlessly to a Private Walkout Balcony - the Kind of Everyday Luxury That Never Gets Old. Direct Interior Garage Access + Private Driveway (Total of 2 Parking Spaces). Abundant Surface Visitor Parking at the Front of the Complex. Low Maintenance Fees - Maximum Lifestyle, Minimum Overhead. Walk to Richmond Hill H.s. (Fraser Inst. 8.8/10, #28 in on). Mins to St. Therese of Lisieux C.h.s. (10/10, #1 in on), Corpus Christi Catholic Elem. (95% English Eqao, York Cdsb), MacKenzie Health Hosp., Viva Rapid Transit, Richmond Hill Go Station, Hwy 404 & 407, Costco, Upper Yonge Place, Groceries, Restaurants, Parks and Much More!
Estimate your monthly payments for this property
Estimated Payment
$3,021.30/mo
Includes CMHC insurance ($16,430)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Richmond Hill
Richmond Hill is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Richmond Hill
- •Convenient location in Richmond Hill
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Richmond Hill offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
37 Ormerod Lane, Richmond Hill
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $589/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 16 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Richmond Hill properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,454 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.